When seeking advice from someone, think about who it benefits.

It’s been an eventful week for the bond market, which has responded positively. Inflation remains persistent but stable at 2.6%, while Personal Consumption Expenditures (PCE) are in line with expectations.

Income increased by 0.4%, spending rose by 0.7%, and the savings rate declined from 4.1% to 3.8%.

In December, pending home sales dropped by 5.5%, influenced by mortgage rates that averaged above 7%. However, mortgage rates have steadily improved in recent weeks, and this trend is expected to continue.

Graph below, up is lower rates so we are headed in the right direction.

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